Saudi finance minister says no instant plans to fund PIF wealth fund

Saudi Arabia’s finance minister stated on Monday there have been no instant plans to switch funds to the Kingdom’s sovereign wealth fund, the PIF.

Fluctuations in oil costs is not going to affect how Saudi Arabia manages its funds, Finance Minister Mohammed al-Jadaan stated on the World Financial Discussion board in Davos.

Saudi inflation on the finish of this 12 months is anticipated to achieve between 2.1% and a couple of.3%, he added.

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